For many homeowners in financial difficulty, struggling to pay their mortgage and in danger of foreclosure, a loan modification could be the best way to make their mortgage payments more affordable.
You apply for a loan modification much like you would apply for refinancing your mortgage loan—but the result is not a new loan, rather a restructuring of your current mortgage loan that brings you current. It often also reduces your payments to something you can afford.
Getting a loan modification approved by your lender is not as easy as it sounds. The Waite Law Firm has a great deal of positive experience with helping people like you get a modified loan approved. We have a system we developed to make getting legal help more affordable.